Difference between revisions of "4. New and Lists"
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Omer Farooq (Talk | contribs) (Created page with "= Overview = '''New and Lists''' '''New and Lists - Do you know that, within a tab in the ERP Main Screen, most of the function icons in the top row are to create new entrie...") |
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| − | ''' | + | '''Bill v Purchase Order''' |
| − | + | '''Bill v Purchase Order - Do you understand the difference between a Bill and a Purchase Order with reference to accounts being entered on Bills, while products are entered through a Purchase Order?''' | |
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| + | A Bill is for posting expenses like telephone, power etc. Typically for your overhead accounts. Where as a Purchase Order is for ordering in products and services. Purchase Order is for running inventory or even non inventory but tracking your COGS(Cost of Good Sold). | ||
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| + | * The '''Bill Button''' gives the user the ability to enter a Bill for listing an '''Expense''' to pay into the ERP system and assigning it to an account. A '''Bill''' could be typically used for utilities such as a phone bill or electricity bill. | ||
| + | * Using a '''Credit''' is the opposite to a Bill where you typically get a Refund from a Supplier with no product involvement. | ||
| + | * A '''Purchase Order''' is used when ordering goods/products from a supplier or services and a '''Negitive Purchase Order''' is used as a credit for accounts and products. | ||
Latest revision as of 06:16, 19 November 2014
Overview
Bill v Purchase Order
Bill v Purchase Order - Do you understand the difference between a Bill and a Purchase Order with reference to accounts being entered on Bills, while products are entered through a Purchase Order?
A Bill is for posting expenses like telephone, power etc. Typically for your overhead accounts. Where as a Purchase Order is for ordering in products and services. Purchase Order is for running inventory or even non inventory but tracking your COGS(Cost of Good Sold).
- The Bill Button gives the user the ability to enter a Bill for listing an Expense to pay into the ERP system and assigning it to an account. A Bill could be typically used for utilities such as a phone bill or electricity bill.
- Using a Credit is the opposite to a Bill where you typically get a Refund from a Supplier with no product involvement.
- A Purchase Order is used when ordering goods/products from a supplier or services and a Negitive Purchase Order is used as a credit for accounts and products.
